Eros International Plc (EROS.L) filed for an initial public offering of its stock Friday with the U.S. Securities and Exchange Commission, with the proposed maximum offering price of $250 million. The company intends plans to list on the New York Stock Exchange under the ticker, "EROS."
Also, the company plans to use the net proceeds from this offering to fund new co-productions and acquisitions, including catalog content, to grow our digital and other distribution channels and for general corporate purposes. The offering is being made through Deutsche Bank Securities, BofA Merrill Lynch, Citigroup, and UBS Investment Bank.
by RTT Staff Writer
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